Selbyville, Delaware. The latest Construction Equipment Rental market research report offers actionable insights into the key trends and opportunities that will propel the industry growth. Moreover, it also lists out the solutions for the existing and upcoming challenges in this business sphere.
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Based on the product, construction equipment rental industry is segmented into earthmoving & roadbuilding equipment, material handling & cranes, and concrete equipment. The earthmoving & roadbuilding equipment product segment is further classified into backhoes, loaders, excavators, compaction equipment, and others. The segment accounts for more than 50% revenue share in global construction equipment market.
Construction equipment rental helps them cut repair, maintenance, and transportation costs. Escalating building & construction as well as infrastructure development projects worldwide will augment construction equipment rental market share. Growing focus on smart city development will further bolster the industry outlook.
Global construction equipment rental market size is slated to experience dramatic growth over the next few years. This can be mainly associated with shifting preference of building & construction companies towards renting construction equipment rather than purchasing. Renting is emerging to become a more viable option for many companies, allowing them to run a more financially stable infrastructure business.
Backhoes, loaders, and excavators are extremely versatile when it comes to construction applications. These machines offer a range of different attachment options, making them capable for accomplishing a wide range of tasks. Additionally, earthmoving & roadbuilding equipment can be easily driven on roads which makes them a suitable choice for infrastructure projects with spread out worksites.
In terms of the regional landscape, Middle East & Africa (MEA) construction rental equipment industry will record a CAGR of more than 2% through 2026. This can be growing focus on surging government investments in smart city development projects. City planners worldwide are busy designing smart city projects and the MEA region is anticipated to host some of the most sophisticated smart cities in the world.
Smart city plans are garnering momentum in Middle East and Africa on account of rapidly rising rates of urbanization. MEA’s urban population has increased from 20% in 1960 to more than 45% in 2015, according to the United Nations (UN). The year 2019 has witnessed tremendous acceleration in the region’s smart city ambitions with a number of new initiatives and programs launched throughout the year.
Global Construction Equipment Rental Market: Drivers and Restraints: This section of the Construction Equipment Rental Market Analysis report we are covering various drivers and restraints that have affected the global Construction Equipment Rental market. The complete study of plentiful drivers of the market enables market professionals to get a clear viewpoint of the Construction Equipment Rental market share, which consists of Construction Equipment Rental industry environment, advancement market, product innovations, latest developments, and Construction Equipment Rental market risks.
Different countries in MEA are expected to deploy different smart city development solutions. For instance, African cities are expected to focus more on the development of transportation and utilities infrastructure. On the other hand, some of the more sophisticated countries like Saudi Arabia and Israel will likely focus heavily on improving the efficiency of public services. The aforementioned trends will certainly fuel construction equipment rental demand across MEA in the near future.
Read Full Report at: Construction Equipment Rental Market
Major Highlights from Table of contents are listed below for quick lookup into Construction Equipment Rental Market report
Chapter 1. Competitive Landscape
- Company market share
- Construction Equipment Rental Market Competitive analysis of key market players
- Competitive analysis of other prominent vendors
Chapter 2. Company Profiles
- Business Overview
- Financial Data
- Product portfolio
- Strategic Outlook
- SWOT Analysis
Chapter 3. Methodology & Scope
- Initial data exploration
- Construction Equipment Rental Market Statistical model and forecast
- Industry insights and validation
- Construction Equipment Rental Market Scope
- Methodology and forecast parameters
- Data Sources
Chapter 4. Executive Summary
- Construction Equipment Rental industry 360º synopsis – 2025
- Construction Equipment Rental Business trends
- Region trends
Chapter 5. Construction Equipment Rental industry Insights
- Construction Equipment Rental Industry segmentation
- Industry landscape 2025
- Industry Pitfalls and Challenges
- Threat of new entrants
- Threat of substitutes
- Construction Equipment Rental Market Growth potential analysis
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